October 24, 2024
CALGARY, AB & HOUSTON, TX (October 24, 2024) — PrePad (“PrePad” or the “Company”), a leader in providing cloud-based software that revolutionizes drilling and completions through capital lifecycle management, execution optimization, and asset development optimization has announced the formation of a Board of Directors and appointment of industry veteran Wayne Sim as an independent director.
PrePad’s newly formed Board of Directors includes:
“Forming a Board of Directors and adding Wayne as an independent director marks an important step in PrePad's evolution,” said Sean Hervo, CEO of PrePad. “We’re focused on big innovations in the oil and gas drilling and completions space, and Wayne’s guidance and insights will be invaluable as we continue to expand our cloud-based SaaS offerings.”
Sim has more than 30 years of experience bringing such innovative software solutions to market. He is currently Co-Founder and CEO of Tauri, a leading supply chain management company, and CEO of Algo, an AI-powered supply and demand planning software platform.
Sim has led successful growth programs at several companies, including Hyprotech, which he grew into a global leader in process simulation software. Under his leadership, Hyprotech became the 10th largest software company in Canada by revenue and the most profitable. Sim also co-founded and was CEO of 3esi-Enersight (later rebranded to Aucerna), growing it into a $100 million-plus revenue company before its merger with Quorum Software. He is a director on the boards of Quorum Software and Algo.
“Joining the Board of Directors at this stage in PrePad’s growth is a privilege,” said Sim. "I see potential in the company's software-driven approach to optimizing oil and gas operations. The platform provides a strong foundation for adding more clients, enhancing its capabilities, and extending our reach into new markets and drilling and completions environments. I look forward to collaborating with the leadership team and advisory group to unlock the full value of PrePad’s innovative technology.”
PrePad’s newly formed Board of Directors will build on the expertise of its established Advisory Board, which includes a number of notable industry professionals:
PrePad is currently validating and commercializing its technology with early adopters in the energy sector. In September 2024, the Company was selected for Chevron Technology Ventures' Catalyst Program, an initiative that provides valuable resources to further refine its technology and expand market presence. PrePad’s software platform is currently being used by major industry players such as Devon Energy and Coterra Energy. The Company also secured a strategic investment from Devon Energy in 2023.
About PrePad
PrePad offers advanced software solutions for optimizing capital lifecycle management, execution strategies, and asset development in oil and gas drilling and completions. The platform reduces engineering time, improves cost estimation accuracy, and provides scenario modeling so operators can discover the optimal trade-off between product, cost, cycle time, and emissions.
Founded in 2021 by former Shell employees Sean Hervo and Brandon Eidson, PrePad has established itself as a leader in energy tech innovation. The Company has been recognized as Disruptive Digital Innovator at the 2024 Global Energy Show Canada and named a Top Innovator in Completions by Darcy Partners, a provider of technology-focused market intelligence to the energy sector.
For more information, visit www.prepad.io.
Contact
Sean Hervo
CEO, PrePad
info@prepad.io